In this episode of the Richer Podcast, Sarah Coombes discusses the importance of having a financial plan and understanding your money mindset. She emphasizes that without a plan, money can easily slip away. The conversation covers the impact of inflation on purchasing power and the necessity of aligning spending with personal values to build wealth effectively. Sarah encourages listeners to take control of their finances and make informed decisions that reflect their true priorities.
Your Money. Your Moves. Resource (link below)
https://richher.online/products/your-money-your-moves-money-plan
Disclaimer:
RichHer is for informational and educational purposes only. The content shared on this podcast does not constitute financial, legal, or medical advice. The host and guests are not financial advisors, lawyers, or medical professionals, and any opinions expressed are their own. Listeners should conduct their own research and seek professional advice before making any financial, legal, or health-related decisions. RichHer, its host, and affiliates are not responsible for any actions taken based on the content of this podcast. By listening, you acknowledge that all decisions are your own responsibility.
Keywords
money management, financial planning, inflation, wealth building, spending habits, financial freedom, budgeting, investing, personal finance, women and money.
Takeaways
If you feel like your money is burning a hole in your pocket, you don't have a plan.
Every dollar should have a job, whether it's for investing, essentials, or fun.
Cutting back on small expenses like coffee isn't the solution to being broke.
Superannuation is just a safety net, not a wealth plan.
Inflation erodes your buying power, making it essential to invest more.
Without a plan, you'll end up chasing shiny objects and not building wealth.
The richer money plan aligns financial decisions with personal values.
Lifestyle creep can make you feel behind, regardless of income increases.
Your spending should reflect your values; if it doesn't, it's time to reassess.
Awareness of your financial habits is the first step to change.